In the same way that PayPal and Stripe radically changed online payments by allowing any online service to embed payments, the race is on to have the same impact on crypto assets. To this end, players such as Wyre (raised $29.1M) and MoonPay (raised $555M) have risen to the fore. But in the Summer of […]
The Guardian view on LV’s buyout: stop this terrible backroom deal | Editorial
In agreeing this private equity deal and keeping most of its details from their own members, LV= directors have shown a striking combination of high-handedness and cack-handednessIt was founded shortly after Victoria ascended the throne, and over the i…
Social media firms serve as gateway for scammers, says finance watchdog
FCA threatens action unless platforms such as Facebook, Twitter and Instagram do not toughen up against fraudstersSocial media sites such as Facebook and Instagram serve as a “gateway” for fraudsters, the City watchdog has warned, as it demanded they t…
The surge in ‘buy now pay later’ – and why we should be worried
Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Retailers love it of course, but all this unregulated lending is ringing alarm bellsShoppers tempted by Boohoo’s bestselling satin skater dress are bombard…
UK insurers unready for stricter rules on price hikes, watchdog says
FCA says many firms unlikely to be prepared for changes coming into force in OctoberInsurers could face disciplinary action after the City watchdog said UK firms were not ready for stricter rules on price hikes on car and home insurance.The Financial C…
‘Taper tantrum’ by stock markets points to gaps in the easy recovery story | Nils Pratley
Cheap money, the Delta variant and China’s sluggish performance add up to tough times aheadFinancial markets these days react to any whiff of tighter monetary policy in the US, so a little drama on Thursday was par for the course after the US Federal R…